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ME were created in 1994 to help everyday Aussies buy a home. They are now a Bank and provide profits back into the industry super funds that own them. ME Bank offer some great niches at present. Lower interest rate packages when you purchase a member package ($395 P/A) with a Flexible Home Loan for a lower variable interest rate, $30,000 in additional repayments available on flexible home loans per fixed term.

Australians are missing out on $1.68 billion by failing to switch mortgages, a new study by Heritage Bank and the University of Technology Sydney (UTS) has found. While 67% of those surveyed recognised the importance of seeking the best deal on their home loan, only a third of respondents actually made the switch. Those that did move to a more affordable mortgage collectively saved around $718 million.

Core Logic's slide comparing capital city dwelling values post GFC is a real eye opener. Two cycles of growth post-GFC which has seen substantial capital gains in Sydney and Melbourne. As can be seen from the slide there is now a very large gap to Brisbane and other Capitals resulting in Sydney dwelling prices being 70% higher than Brisbane.

The Australian Prudential Regulation Authority (APRA) has shed light upon its stance on interest rate buffers suggesting that authorised deposit-taking institutions (ADIs) use a buffer of at least two percentage points.

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RFS is a financial services company, offering a breadth and depth of financial products, including Finance Broking and Credit related services, Risk Insurance, Financial Planning and Superannuation. At RFS, our team are ... read more